Who manages the properties?
RealT outsources Property Management to local professionals. Of course, we still carefully monitor and care for each of the properties owned by the Token Holders.
The property management companies that RealT uses are responsible for renting the property, collecting rental income, and maintaining or repairing the property.
Costs associated with property management and maintenance are taken out of the rental income paid to RealToken holders.
We have chosen to outsource the Property Management for two reasons:
- It frees up efforts to focus on RealT itself —- Property Management is a very time-intensive activity
- We intend to offer properties throughout the US and various countries as we grow.
However, we continuously monitor all aspects of the properties, from rent and rental rates to physical conditions, renovations, code compliance, and even landscaping improvements when strategic.